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China’s Ping An Insurance says Coronavirus outbreak could hit business

by AIP Online Bureau | Feb 20, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life

  Ping An Insurance Group Co. of China Ltd., China’s largest insurer by market value, said on Thursday that the coronavirus may have an impact on its business.   Ping An’s comments on the virus were included in its annual results, where the...

Swiss Re 2019 profit hit by natural disasters, U.S. casualty claims

by AIP Online Bureau | Feb 20, 2020 | International News, Reinsurance

  Zurich: Reinsurer Swiss Re reported on Thursday a smaller-than-expected profit in 2019 due to claims for a series of man-made and natural disasters, as well as expenses for its U.S. casualty business, sending its shares lower.   Net profit in the year rose...

World Bank Pandemic Bond losing value, facing criticism as Coronavirus spreads

by AIP Online Bureau | Feb 20, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  World Bank bond designed to deliver funding to help the world’s poorest countries to tackle fast-spreading diseases has lost half its value as the coronavirus outbreak in China has fanned fears that investors could face hefty losses.   After the...

UK watchdog to scrutinise how companies, auditors calculate climate risk

by AIP Online Bureau | Feb 20, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

LONDON: Britain’s financial accounting watchdog plans to review how companies and auditors assess and report the impact of climate change on their businesses, as investors push for better disclosure of the risks.   Climate change has surged to the top of...

Round-the-clock power supply via renewable-thermal bundling: Draft policy

by AIP Online Bureau | Feb 20, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

  New Delhi: The Ministry of New and Renewable Energy has proposed a draft policy for the supply of round-the-clock (RTC) power to distributors through a mix of renewable energy and electricity generated in coal-based plants.   Addressing the issues of...
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